Project update

The project has been partially repaid.

Update from the originator:

The originator says there is currently no news to share. As soon as they have important information to share, they will inform investors.

Update from the originator:

This week, the originator has agreed with another lender, a real estate crowdfunding platform, to refinance this project in full amount. The agreements are expected to be signed next week, and the fundraising is scheduled in two weeks.

Update from the originator:

Considering the insufficient activity in funding the refinancing round, the Borrower will be presenting a different offer to refinance this project. The Borrower is also looking for other funding sources. The Borrower has to provide more detailed information on it by the end of April.

Update from the originator:

So far, the Borrower has followed the payment schedule in a timely manner and has partly repaid principal payment. Due to the pandemic circumstances, there was a drop-down in the sales/rent of commercial sites. The refinancing round to settle the rest of the loan will be published on the platform next week. At the moment, Borrower has concluded several cooperation agreements with tenants and has stabilized cash flow. To repay the refinancing round, the Borrower plans to refinance liabilities in the bank and successfully finalize liabilities with investors.

The payment scheduled for 2021-03-11 has not been received. The originator continues to act according to the debt collection procedure.